Because credit unions are not-for-profit member-owned financial cooperatives, they're exempt from federal income tax. Every dollar beyond those they need to cover operational expenses - or socked away in reserves to cover ups and downs in the economy - is handed back to their members in the form of better rates and lower fees and a variety of other member benefits.
Now Congress is considering tax reform legislation that has the potential to put credit unions' tax exemption at risk. A tax on credit unions is really just a tax on credit union members like you. Please take action and tell Congress: Don't Tax My Credit Union!
Now Congress is considering tax reform legislation that has the potential to put credit unions' tax exemption at risk. A tax on credit unions is really just a tax on credit union members like you. Please take action and tell Congress: Don't Tax My Credit Union!
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